Tom Lee Says Only Ninjas Are Making Money in This S&P 500 Rally
- Wall Street's top bull says few investors have been spared
- Declines of 10 percent or more spread across stock market
Making Money in This S&P 500 Rally
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For a stock market that’s gone up as fast as this one, there’s a lot of pain going around.
The Standard & Poor’s 500 Index has climbed almost 11 percent since falling to a 10-month low on Aug. 25, restoring about $1.4 trillion to share prices. Meanwhile there have been 13 instances in the past two weeks of companies posting one-day drops of 10 percent or more -- one of the highest rates of single-stock crashes in four years.